Raintree Home Sales Q1-2024
Raintree Homes Sales in South Charlotte
Real Estate Report & Community Spotlight: Quarter 1 – 2024
RAINTREE HOMES SALES Q1-2024: SINGLE FAMILY HOMES
Raintree single family home average and median home sale prices increased in Q1-2024, 25% and 54% respectively, compared with the same quarter one year ago. The average sale price in Q1-2024 was $111,000 higher than one year ago. The median sale price was $202,000 higher than in the same quarter one year ago. The average price per square foot of $241 increased 11% year-over-year. Days on market increased by four days from one year ago. The number of properties for sale declined by three year-over-year. When one considers that Raintree has over 1,700 homes, seven property sales in one quarter is a drop in the bucket. This lack of inventory also accounts for the increase in home sale prices. The list to sale price ratio declined to just under 98% in Q1-2024, giving Raintree a small window of opportunity to negotiate on price. With just 2.0 months of inventory, Raintree remained in home seller “territory” in the first quarter of 2024.
RAINTREE SINGLE FAMILY HOME SALES QUARTER 1 – 2024
RAINTREE TOWNHOME & CONDOMINIUM SALES Q1-2024
Raintree’s townhome and condominium average and median home price increased 6% and 5% respectively from the same quarter one year ago. The average price per square foot declined 1% to $199 year-over-year. The number of townhomes and condos sold declined 58% to just five from 12 sold on year ago. The list to sale price ratio increased 12% to 109.7% from Q1-2023, while average days on market declined 96% to just two days in Q1-2024. The months supply of inventory of 0.8 months (down 4% year-over-year) clearly contributed to the high list to sale price ratio and very low days on market and kept the Raintree townhome/condo market in home seller “territory.”
RAINTREE TOWNHOME/CONDO SALES QUARTER 1- 2024 SNAPSHOT
Get To Know Raintree
Raintree is an 1,100+ acre neighborhood with over 1,700 single family homes, townhomes, and condos, containing separately managed “sub-neighborhoods.” Raintree includes the communities of Deerpark, Williamsburg, Timberidge, Raintree Lakes, Raintree Greens, Crestview, Cricket Lake, Golfview, Greenview Terraces, Kensington, and more.
Raintree homes were built primarily during the 1970’s and 1980’s. You’ll find home styles that include traditional one and two story homes, contemporary style homes, ranch homes, split level and split foyer homes, A-frame homes, basement homes, as well as townhomes and condos. There’s even a circular home in Raintree. Home sizes range from under 1,000 square feet to well over 4,000 square feet. Home prices range from the $200,000’s to over $700,000.
Built around the Raintree Country Club and Golf Course, many Raintree homes back up to the golf course or to one of Raintree’s numerous lakes or ponds.
Celebrating its 50th Anniversary in 2021, the Raintree Country Club offers 36 holes of golf with a north course and a south course, driving range, tennis courts, pool, fitness center, and a clubhouse with dining facilities. Initiation fees are waived for many of the homes in Raintree.
Schools Serving Raintree Residents
Some of Charlotte’s most highly rated public schools serve Raintree residents, including Providence High School, JM Robinson Middle School, Olde Providence Elementary School, South Charlotte Middle School. Top private schools, such as Charlotte Latin, are also nearby.
Providence High School is ranked #7 in the top public high schools in the Greater Charlotte area as ranked by niche.com. It is also ranked in the top 10% of public high schools in North Carolina. JM Robinson is ranked #7 out of 71 public middle schools in Mecklenburg County by niche.com, while South Charlotte Middle School is ranked #11 out of 71 public middle schools. Olde Providence Elementary School is ranked #16 out of 139 public elementary schools in Mecklenburg County by niche.com
Prime South Charlotte/Ballantyne Area Location
Raintree’s location in South Charlotte between Pineville Matthews Road, Providence Road, and Ballantyne Commons Parkway provides quick and easy access to I-485, Ballantyne, South Park, Uptown, Matthews, shopping, fine and casual dining, sports venues, movie theatres and more.
RAINTREE IS ONE OF BALLANTYNE AREA’S 10 HOTTEST SELLING NEIGHBORHOODS
SEARCH FOR RAINTREE HOMES FOR SALE
WONDERING WHAT YOUR RAINTREE HOME IS WORTH?
FREE Home Seller Guide: “Things To Consider When Selling Your House.”
Nina Hollander, Coldwell Banker Realty is a Raintree and south Charlotte residential real estate specialist. I’ve been opening doors for Raintree home buyers and sellers since 1999. Call me about opening some doors for you.
If you’re considering selling or purchasing a home in Raintree or the Greater Charlotte area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:
“The Right Broker Makes All The Difference.”
